Nidec Corporation has announced that the company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately- owned US companies, from its founding family on August 1, 2023.

For that reason, the American companies became consolidated subsidiary of Nidec.

Outline of New Subsidiary

Founded in 1949, the three companies deal with the manufacture, sales, and service support of press peripheral equipment based in Napoleon, Ohio, in United States.

Furthermore, the company, with 80 employees, has netted US$37 million consolidated sales as of end December 31, 2022.

Target’s Strengths

The three companies manufacture and sell peripheral equipment for medium and large presses and sheet metal cutting equipment for presses. They have strong ties with major U.S. automakers and Tier 1 suppliers, and holds a 70% of market share on certain segments of peripherals equipment for auto body parts press machine lines. The Target offers its products and services to not only U.S. but also Japanese major automakers.

The Target’s laser blanking technology has the flexibility to be programmed to accommodate a variety of products and applications, with high precision blanking.

Nidec’s Press Machine Business is an umbrella business with six companies underneath. Essentially, the business has small high-speed presses, medium-sized presses, large presses, and peripheral equipment.

Moreover, it has manufacturing sites spread across Japan, China, United States, Mexico, Germany, and Spain with around 1,200 employees.

Expands Product Range

Through Nidec’s Press Machine Business companies, it is expanding its press machine manufacturing, sales, and service business globally. In addition, has also increased its lineup of presses and peripheral equipment products with M&As.

With the addition of the new companies, Nidec will be able to offer a wide range of products and services to its customers. In addition, it will be able to pursue following synergies in terms of products, sales, and technology.

（1） Combine equipment with Minster and Arisa’s medium and large presses, offering a complete line on a turnkey basis.

（2） Expand sales of Minster and Arisa presses to automotive customers based in North America.

（3） Incorporation of laser blanking technology is our portfolio of products.